Baron: RFU heading for £59m loss this year
The Rugby Paper|December 10, 2023
FRANCIS Baron has accused the RFU hierarchy of publishing misleading interpretations of its own financial position, which he believes is increasingly precarious, and is being ‘misrepresented’ to its 1,200 member clubs. 
NICK CAIN
Baron: RFU heading for £59m loss this year

Baron, a former RFU chief executive with 25 years’ Board level experience in five PLC companies, including an impressive 12-year record in managing RFU finances, points to the massaging of a £6.3m loss in 2022-23 as the tip of a huge financial iceberg which the RFU’s own forecasts predict will result in a £50.1m loss in 2023-24.

Baron’s own projections, based on figures in the 2022-23 RFU Annual Report published last week, are that this year’s loss will be closer to £59m.

He believes this position is unprecedented among National Governing Bodies in sport, such as the FA, ECB, or LTA, and could not only put the RFU in peril, but leave its member clubs without a functioning governing body.

Baron’s warning could not be clearer: “No National Governing Body has ever incurred anywhere near this scale of loss. What is more, no company listed on the London Stock Exchange has incurred such losses and survived. The reason for this is straightforward – companies incurring such losses go bust”.

Denne historien er fra December 10, 2023-utgaven av The Rugby Paper.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 10, 2023-utgaven av The Rugby Paper.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE RUGBY PAPERSe alt
England can find a little bit of cheer
The Rugby Paper

England can find a little bit of cheer

SO HERE we are on the final day of England’s autumn international series with all of us hoping and expecting Steve Borthwick’s team to win today after three weeks of bitter disappointment.

time-read
3 mins  |
November 24, 2024
Stop messing with Marcus - Campese
The Rugby Paper

Stop messing with Marcus - Campese

DAVID Campese believes England are going backwards under Steve Borthwick, who is ‘messing around’ with talisman Marcus Smith.

time-read
2 mins  |
November 24, 2024
Being a Lion was the highlight of my career
The Rugby Paper

Being a Lion was the highlight of my career

I PLAYED 19 games and scored 219 points for the Lions, on the tours to South Africa in 1968 and New Zealand in 1971, but I never played in a Test and that was fair enough.

time-read
6 mins  |
November 24, 2024
Cook's crew not fazed as they eye tilt at top half
The Rugby Paper

Cook's crew not fazed as they eye tilt at top half

THERE appear to be few signs of second season syndrome at Westcombe Park as captain Nick Cook reveals the group aren’t even contemplating the threat of relegation and are instead targeting a top-half finish.

time-read
2 mins  |
November 24, 2024
Forwards pack a punch for the Reds
The Rugby Paper

Forwards pack a punch for the Reds

OLD Redcliffians produced a proud defensive effort to take a bonus-point win.

time-read
2 mins  |
November 24, 2024
Tom 'Ailes' the achievements of inspirational skipper Riley
The Rugby Paper

Tom 'Ailes' the achievements of inspirational skipper Riley

SEDGLEY Park No. 8 Tom Ailes says his team relish the competitive nature of National One and is confident the Tigers can rectify their rocky start to the season in weeks to come.

time-read
2 mins  |
November 24, 2024
Strachan confident Ampthill will be firing again soon
The Rugby Paper

Strachan confident Ampthill will be firing again soon

FRASER Strachan is determined to put Ampthill’s leaky defensive showings behind them and gain some much needed confidence in the run up to Christmas.

time-read
3 mins  |
November 24, 2024
It's a whole new ball game for Rigg
The Rugby Paper

It's a whole new ball game for Rigg

WILL Rigg’s ambition was to become a professional cricketer but it is the oval ball rather than The Oval that is his driver now.

time-read
2 mins  |
November 24, 2024
Scarratt leads the way for Lightning
The Rugby Paper

Scarratt leads the way for Lightning

LOUGHBOROUGH won a wet and windy East Midlands Derby after having the bonus point in the bag by half-time.

time-read
1 min  |
November 24, 2024
Becconsall: We need to release pressure
The Rugby Paper

Becconsall: We need to release pressure

WILL Becconsall says Exeter are not spooked by the threat of relegation as they look to turn around their Premiership campaign after starting with six straight defeats.

time-read
2 mins  |
November 24, 2024